The main high street lenders continue to dominate mortgage lending but challenger banks are increasingly nipping at their heels, data shows.

Trade body the Council of Mortgage Lenders (CML) has released its 2016 table of top lenders with Lloyds maintaining first position with 15.6% market share, down from 17.3% in 2015.

Nationwide remains second, increasing its market share from 13.8% to 14.4%, while Royal Bank of Scotland has replaced Santander in third place.

The top 10 lenders in the UK account for 84% of total lending, but the CML says challenger banks are recording big increases.

Among these, TSB Bank, which was siphoned off from Lloyds in 2013, saw the most significant growth, increasing market share by 0.5% and moving up one place in the table to 10th position.

Precise Mortgages saw lending growth of 54%, Metro Bank registered a 67% increase, while Fleet Mortgages and Legal & General Home Finance saw growth of 150% and 200% respectively.